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Against trade wars as class wars

Against trade wars as class wars
acton.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from acton.org Daily Mail and Mail on Sunday newspapers.

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Lost Einsteins Or Lost Edisons? | Blog Posts

Mr. Edsall contributes a weekly column from Washington, D.C., on politics, demographics and inequality.
In the international competition to produce a work force equipped to cope with accelerating rates of technological innovation, the United States is leaving hundreds of thousands of highly capable people by the wayside, perhaps even millions.
“Current talent search procedures focus on the assessment of mathematical and verbal ability,” wrote David Lubinski of Vanderbilt and Harrison J. Kell, a senior researcher at the Educational Testing Service, in “Spatial Ability: A Neglected Talent in Educational and Occupational Settings.” Lubinski and Kell stress the failure of many of such searches to test for the cognitive skill known as spatial ability. ....

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« Une taxe sur les robots revient à se tirer une balle dans le pied »

« Une taxe sur les robots revient à se tirer une balle dans le pied »
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Andy Haldane is right to warn that the UK's recovery might not be sustainable – or fair

Andy Haldane, the chief economist for the Bank of England, writes in this week’s New Statesman that “most people seem keen to make up for the lives they have not been living for the past 15 months, with huge pent-up demand for holidays, hospitality and other types of social spending”. The £200bn of “accidental savings” imposed by the pandemic are set to turn into a summertime ....

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Rising prices are hitting low-income US households the hardest

Low-income Americans bore the brunt of job losses when the pandemic arrived. Now they’re getting hit hardest by price increases as the economy recovers.
The headline consumer inflation rate in the U.S. remains subdued, at 1.7% – but it masks large differences in what people actually buy.
Some of the biggest price hikes of recent months, for example, have come in gasoline. A gallon of regular is up 75 cents since late last year –- adding more than $60 a month to the budget of someone who fills up with 20 gallons a week.
Food-price inflation is running at more than double the headline rate, and staples like household cleaning products have also climbed. ....

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